ADMINISTRATORS to the Peacocks fashion chain were last night keeping an eye out for late bids.

The official deadline for buyers to submit bids for Cardiff-based Peacocks was Monday.

But KPMG's Richard Fleming, Chris Laverty, Ed Boyle and Joff Pope were reportedly still willing to consider submissions, as the administration process has been quicker than a normal company sale.

The identity of the final buyer or buyers could be revealed towards the end of this week or next week. As of February 1, six bids had been submitted for the business.

WG charters gets backing

BUSINESS support for the Welsh Government’s Sustainable Development charter is continuing to flourish, with the recent addition of two new and high profile recruits.

Both BT and Tata Steel have signed up to the charter, which commits businesses and organisations operating in Wales to putting sustainable decision making right at the heart of their decision making.

The new additions mean 117 organisations have now publicly declared their commitment to operating sustainably.

Retailers move to stop inquiry

MAJOR UK electrical retailers are poised to avoid a major competition inquiry by overhauling their £1 billion-a-year sales of extended warranties.

Dixons, Comet and Argos will set up a price comparison website and carry out regular independent mystery shopping exercises as part of a drive to prevent consumers being ripped off. The undertakings agreed with the Office of Fair Trading (OFT) will undergo consultation.

Restructuring boost for DVG

DEE Valley Group, which has reported a drop in pre-tax profits, said a restructuring programme should help it to save £90,000 per year from April.

The Wrexham-based water company added group revenues are in line with management expectations, while profit for the year before exceptional items